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Tag Archives: Fiserv

Virginia Bank Chooses Fiserv Lending Platform

Fiserv, Inc., a provider of financial services technology, announced its Common Origination Platform has been selected as the platform of choice for Virginia's Old Point National Bank (OPNB). A Fiserv client since 1996, OPNB possesses $845.3 million assets and offers banking services to both retail and commercial customers.

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Fiserv: Home Prices Growing at a ‘Normal’ Pace

The housing market is seeing prices appreciate at a normal pace, with further growth expected in the next five years, according to Fiserv Inc. From Q3 2011 to Q3 2012, home prices rose by 3.6 percent, the Fiserv Case-Shiller Indexes revealed. Furthermore, Fiserv predicts a 0.6 percent increase in home prices from Q3 2012 to Q3 2013. The gains are expected to continue into the next 5 years, with prices projected to grow at an annualized rate of 3.3 percent from Q3 2012 to the Q3 2017. When excluding gains from the 2009 and 2010 home buyer tax credits, Fiserv noted 2012 was the first positive year for home prices and home sales volumes.

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Fiserv Projects Home Price Growth into 2017

The latest numbers from the Fiserv Case-Shiller Indexes show that the housing market may finally be on solid footing again. Average U.S. home prices increased by 1.2 percent in Q2 2012 from the same quarter last year. The year-over-year increase is the first since 2006 when excluding 2010, which was influenced by the federal homebuyer's tax credit. Fiserv projects that housing prices will grow annually at a rate of 3.3 percent from mid-2012 through Q2 2017.

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Fiserv Forecasts HPI Growth for Next Two Years

Shrinking inventory and shifts in sales composition have provided a foothold for housing prices to start climbing, according to Fiserv, Inc. The company released its Case-Shiller Home Price Insights Monday, showing that after six years of decline, home prices are finally starting to stabilize. Prices increased in 40 percent of the surveyed 384 metro areas in the first quarter of 2012, and the report showed that it's actually cheaper to buy than rent in many U.S. markets.

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Fiserv Expects Home Prices to Stabilize This Year Despite Price Declines

Analyzing the housing market through the perspective of 384 markets, Fiserv Case-Shiller Indexes pointed to a slow, but steady pace toward recovery after dramatic price declines. According to the Fiserv indexes, in the fourth quarter of 2011, home prices in 70 of the 384 metro areas tracked were either unchanged or had increased compared to the same quarter a year ago. Also, 122 of the metros saw prices decline by less than 2 percent. On the other hand, nearly one-half of the metro areas, or 191, saw prices decrease by more than 2 percent.

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Fiserv Announces Cliff Skelton As Executive VP and CIO

Fiserv, Inc. hired Cliff Skelton to join the company as executive VP and CIO as of April 16, 2012. Skelton's appointment follows the leadership of Maryann Goebel, who will serve as an advisor to the company until her retirement on July 1, 2012. In this role, Skelton will be oversee global information technology infrastructure and operations, enterprise architecture, technology governance, and programs aimed at increasing the efficiency and effectiveness of the company’s technology platforms.

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